Because I like you, here's a free glimpse of an amazing chart that I'm regularly watching... 👀

Three data lines are overlapping:
1. ISM Manufacturing PMI (multi-color line)
2. Global M2 (blue line)
3. Bitcoin price (red/green candles)

I still believe that the unimpressive bitcoin price performance in 2025 resulted primarily from the lack of a positive US manufacturing cycle since 2021.

Everything became distorted during the 2021 Covid-related, fiscal/monetary easing debacle, but cycles have a way of re-establishing themselves.

ISM Manufacturing PMI is finally starting to recover.

It will be interesting to see if the price of bitcoin responds in kind, as it (seemingly) has in the past.

Not a prediction, just some observations.

Cheers. 🍻